U.S. spot Bitcoin ETFs pulled in $606.29 million on Thursday, their biggest single-day inflow since May 1, according to SoSoValue. The figure topped Wednesday’s $517.19 million and extended the streak to four straight sessions.
Over those four days, the category drew about $1.61 billion in total. Monday brought in $297.56 million, Tuesday added $189.30 million, and the pace continued through Wednesday and Thursday. August inflows now stand at $2.07 billion, already above April’s $1.97 billion, with seven trading sessions left in the month.
BlackRock’s IBIT accounted for most of the money. The fund took in $502.99 million on Thursday, or roughly 83% of all inflows into the category. Fidelity’s FBTC added $64.74 million, Bitwise’s BITB drew $26.4 million, and Ark and 21Shares’ ARKB collected $12.2 million. VanEck’s HODL posted an outflow of $3.59 million.
The concentration was even more striking over the full four-session run. IBIT alone captured about $1.09 billion of the $1.61 billion total, a pattern close to earlier this month, when Bitcoin ETFs drew $853.5 million over five trading days and about 80% of that money went to IBIT.
Altcoin funds also picked up steam. Ethereum ETFs added almost $221 million, their largest single-day intake since October 2025 and a fourth consecutive positive session. XRP funds took in $13 million, up from $2.35 million on Wednesday, while Solana funds drew $15 million versus $2.10 million a day earlier. Every listed asset saw inflows, including Hyperliquid’s product, which had been the only outflow the previous day.
The shift did not change the dominant role Bitcoin still plays inside the ETF market, but it did narrow the gaps. On Wednesday, Bitcoin funds took in $1 for every $220 that reached XRP funds. By Thursday, that ratio had narrowed to about 47 to 1.
That squeeze has already claimed a fund this month. Hashdex shut down its DEFI Bitcoin ETF, the first U.S. spot Bitcoin fund to be liquidated, with a final trading day set for August 17. The fund charged the same 0.25% fee as IBIT but held just $14.7 million, compared with IBIT’s $47 billion. At that size, it was generating only about $26,000 a year in fees.
Anyone still holding shares after August 17 lost their exchange exit and will receive a cash payment at net asset value instead. Hashdex’s filings list either August 24 or August 28 as the payment date, minus closing costs and adjusted for whatever happens to Bitcoin while the fund sells its remaining 225 coins.
Bitcoin itself traded around $77,000 on Friday after testing $80,000 overnight and touching roughly $79,400. The token cleared $69,000 on Wednesday and $72,000 on Thursday, putting it up about 24% since Monday — its best week since 2023. Even so, it remains about 38% below the record above $126,000 set in October 2025.
The move has not yet altered the chart structure. Bitcoin’s death cross has been in place since November 16, 2025. Price has moved back above the 200-day simple moving average at $69,005, but the 50-day average is still at $63,976, leaving roughly $5,000 more to go before a golden cross completes.
Ethereum changed hands near $2,357, while XRP traded around $1.38. XRP’s latest rally has turned into its best week since the 2024 election pump, with gains of roughly 38%. The article says the move started after the Treasury decided to at least double long-end bond buybacks, then accelerated as $3 billion in short positions were liquidated in 24 hours, with another $1 billion wiped out on Friday.
Bitcoin ETF net assets ended Thursday at $90.16 billion, equal to 6.18% of Bitcoin’s market capitalization at the time, with cumulative net inflows of $53.40 billion since the funds began trading on January 11, 2024, according to SoSoValue. Sector-wide trading volume reached $5.41 billion for the day. The Treasury’s expanded buyback program is set to take effect on September 9 and run through November 4, when the department sets sizes for the next quarter at its next quarterly refunding.
